Celestica's Guidance Potentially Implies Fading Hyperscaler Strength [Seeking Alpha]
Celestica, Inc. (CLS)
Last celestica, inc. earnings: 4/29 07:00 am
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Source: Seeking Alpha
The company is well positioned to capitalize on AI-driven total addressable market expansion, with its hyperscaler solutions gaining heightened demand. However, decelerating growth and conservative profitability metrics for Celestica continue to trail those of comparable thematic AI winners, introducing potential weakness to its pace of multiple expansion in the near term. Celestica Inc. NYSE: CLS ) stock has gained as much as 3x its value from a year ago, and continues to trade near all-time highs. The company has consistently delivered positive quarterly progress, especially with its hyperscaler business' continued capture of immediate AI opportunities. This has largely overshadowed CLS' inherently elevated exposure to cyclical weakness in some of the core verticals of its Advanced Technology Solutions (“ATS”) segment. Looking ahead, CLS remains well positioned to capitalize on AI-driven demand. The company's hyperscaler-related revenue grew 32% y/y to almost $3 billion in 20
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CLS
News
- Celestica Inc. (NYSE: CLS) had its price target raised by analysts at Canaccord Genuity Group Inc. from $48.00 to $53.00. They now have a "buy" rating on the stock.MarketBeat
- Celestica Inc. (NYSE: CLS) had its price target raised by analysts at Stifel Nicolaus from $36.00 to $48.00. They now have a "hold" rating on the stock.MarketBeat
- Celestica Inc. (NYSE:CLS) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Celestica Inc. (NYSE: CLS) had its "neutral" rating re-affirmed by analysts at CIBC.MarketBeat
- Celestica Inc. Just Beat EPS By 44%: Here's What Analysts Think Will Happen Next [Yahoo! Finance]Yahoo! Finance
CLS
Earnings
- 4/24/24 - Beat
CLS
Sec Filings
- 4/26/24 - Form 6-K
- 4/25/24 - Form 8-A12B/A
- 4/25/24 - Form 6-K
- CLS's page on the SEC website